Business & Finance

Pan Pacific Nirwana Bali Resort to Close

BALI, ID. February 16, 2017 - Following a decision by the owning company, PT MNC Land Tbk, to redevelop the site on which Pan Pacific Nirwana Bali Resort is built, the property will cease operations and close on July 31st.

Pan Pacific Hotels Group has managed Pan Pacific Nirwana Bali Resort since April 2010. Over the past seven years, the Group has provided management and technical expertise to the resort, leading it to achieve operational efficiency, financial success as well as significant industry and consumer recognition.

Notably, the Group oversaw Pan Pacific Nirwana Bali Resort's US$10 million refurbishment of its guest rooms, restaurants and facilities in 2011, successfully strengthening the property's positioning within Bali's highly competitive hospitality market. Since then, the resort has been a three-time winner of the title of "Indonesia's Leading Golf Resort" at the World Travel Awards, and was named "Global Winner, Luxury Golf Resort" for two years running at the World Luxury Hotel Awards.

Pan Pacific Hotels Group will continue to be represented in Indonesia with the Sari Pan Pacific Jakarta. Indonesia continues to be a target growth market for the Group, which is actively pursuing development opportunities for both its "Pan Pacific" and PARKROYAL brands in key gateway cities and resort destinations across Asia-Pacific.

"Pan Pacific Hotels Group is proud to have steered Pan Pacific Nirwana Bali Resort to mark several considerable achievements over a short span of seven years, and this is a reaffirmation of the Group's strong hotel management track record," says Erik Anderouard, Senior Vice President Operations, Pan Pacific Hotels Group.

"We have enjoyed a mutually rewarding partnership with PT MNC Land Tbk and wish them every success for the future. Moving forward, we will be looking to capitalise on our extensive network of business contacts and brand equity to introduce more award-winning "Pan Pacific" and PARKROYAL properties to our customers in Indonesia."

Elsewhere in Asia-Pacific, the Group currently has four pipeline projects in China, Myanmar, Malaysia and the UK which are scheduled to launch over the next three years, starting with Pan Pacific Beijing in the second quarter of 2017.

About Pan Pacific Hotels Group

Pan Pacific Hotels Group is a wholly-owned hotel subsidiary of Singapore-listed UOL Group Limited, one of Asia"s most established hotel and property companies with an outstanding portfolio of investment and development properties. Based in Singapore, Pan Pacific Hotels Group owns and/or manages over 30 hotels, resorts and serviced suites with more than 11,000 rooms including those under development in Asia, Oceania, North America and Europe. The Group comprises two acclaimed brands: "Pan Pacific" and PARKROYAL. "Pan Pacific" is a leading brand in Asia and the Pacific Rim with hotels offering premium accommodations and services. PARKROYAL is a collection of comfortable leisure and business hotels and resorts located in the heart of cities and interesting locales across Asia Pacific. For more information, visit pphg.com.

contact:
annie.choy@panpacific.com

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